Concept:Applying percentage decrease to the numerator and denominator of a fraction to form a new fraction.Explanation:First, decrease the numerator 96 by 37.5%.37.5% of 96=0.375×96=36.New numerator =96−36=60.Next, decrease the denominator 50 by 20%.20% of 50=0.20×50=10.New denominator =50−10=40.New fraction =4060=1.5.Answer:1.5 (Option A).